There's some downside risk for stocks this week as the month of March wraps upThe doubt we had in the S&P 500 Index (SPX - 2,800.71) breakout manifested itself late last week, after the Federal Open Market Committee (FOMC) decided to hold rates steady at the conclusion of its meeting on Wednesday. As we mentioned previously, nearly all market participants had largely expected this result. However,...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
As Wisconsin moves closer to legalization, it's a race to secure dominance in the new market.The state of Wisconsin has officially put marijuana decriminalization and medical cannabis in the latest budget proposal. At this rate, Wisconsin could be the next state to legalize medical marijuana and possibly decriminalize the substance altogether.This company is predicted to make $6 to $8 million on t...Read More
By: Keith Weiner, Monetary MetalsLast week, I ranted about the problem with our monetary system and trajectory: falling interest rates is Keynes' evil genius plan to destroy civilization. This week, I continue the theme if in a more measured tone addressing the ideas predominant among the groups who are most likely to fight against Keynes' destructionism. They are: the capitalists, the gold bugs...Read More
StrengthsThe best performing metal this week was platinum, up 1.85 percent on Citi recommendation and hedge funds boosting the net long position in the past week. Gold traders and analysts are bullish again this week, according to the weekly Bloomberg survey, as the Federal Reserve adopted a more dovish tone and indicated it won't raise interest rates this year. Several countries went shopping f...Read More
By: RambusThere is a ratio chart, $Gold:$XAU, we haven't looked at in quite awhile that has helped us in the past to locate some important turning points for the PM stocks. I'm not going to get into all the details tonight but this ratio chart shows you just how undervalued the $XAU or precious metals stocks in general are to gold itself. From the mid 1980's to the 2008 GFC crash the horizontal...Read More
COLORADO SPRINGS, CO, March 25, 2019 (GLOBE NEWSWIRE) - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced it has begun the initial stages of gold processing by applying and circulating leach solution to ore loaded on the heap leach pad at the Isabella Pearl Project, within its Nevada Mining Unit, located in Mineral County, Nevada. The Company not only remains...Read More
It's tempting to think last week's high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally. If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty trap on bulls and bears alike. The latter would have thrown in the towel and covered short positions when the S&Ps broke out over the last two weeks above three des...Read More
XAG/USD traded higher on Friday after it hit support near the 15.37 level. The metal continued drifting north during the European morning Monday, hitting resistance at the 15.52 barrier, which is slightly below Friday’s peak and is also marked by the high of March 13th. Overall, silver has been in a recovery mode since March 7th, with the price structure staying supported by a short-term ups...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold prices rose to a more than three-week high on Monday, helped by a weaker dollar and as worries over global economic growth pushed investors into safe-haven assets.Spot gold had risen 0.5 percent to $1,320.94 an ounce, a...Read More
Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.Riesen was promoted into the role in March 2017. His departure follows that of head of copper concentrates trading...Read More
Investing.com - Gold prices gained on Monday in Asia as recession fear sparked safe-haven demand.Gold futures traded up 0.3% at $1322.05 on the Comex division of the New York Mercantile Exchange by 1:25 AM ET (05:25 GMT). The precious metal last week posted its third consecutive weekly gain and rose 1%, the most since early February.On Friday, the spread between 3-month Treasury bills and 10-year...Read More
The market for flat steel exports from the Commonwealth of Independent States (CIS) was calm and stable over the past week because material availability continued to be restricted by planned maintenance outages at rolling units in Russia, sources told Fastmarkets on Monday March 25.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $510-520 per tonne fob Black...Read More
Gold prices rose 1% last week as economic data from the euro zone exacerbated fears of a global slowdown weighing on risk sentiment and putting gold on track for its best week in nearly 2-months. Meanwhile oil prices hit 4-month highs with US Oil breaching $60 per barrel before falling 2% on Friday, slipping further from 2019 highs as focus shifted to lack of progress in U.S. China trade tal...Read More
The CIS steel slab market continued to be quiet over the week ended Monday March 25 with offers and bids moving in opposite directions.Ukraine's Metinvest kept its offers above $500 per tonne fob Black Sea, Fastmarkets learnt on Monday March 25.Meanwhile, Russia's Evraz was offering material at $495-500 per tonne fob Black Sea, sources said."They offered several sizes of slab. That's why...Read More
CIS export prices for rebar and wire rod picked up in the week ended Monday March 25 when producers managed to achieve higher sales prices.Offers of Ukraine-origin rebar were heard within the range of $480-490 per tonne fob Black Sea.A small cargo scheduled for shipment in late April-May was reported sold to West Africa at $485 per tonne fob Black Sea at the end of last week.There was another carg...Read More
Financial headlines around the world seem to have taken a liking to the phrase "global economic slowdown 2019." Everywhere you look, data about declining trade, failingcurrencies, or falling stock markets abound. Bloomberg, Forbes, BusinessInsider, CNBC, RT Business, and The Washington Post are just a few of the mainstreamsources now acknowledging that something is seriously wrong with the globalf...Read More
Here are five Fastmarkets MB stories you might have missed on Monday March 25 that are worth another look.A motion to undo United States President Donald Trump's blanket tariffs on imports of steel and aluminium has been denied, the US Court of International Trade (CIT) said in a ruling dated Monday March 25.A ramp-up in Chinese zinc production is expected to accelerate in the second quarter...Read More
Gold is flat at the start to the Asian session; the rebound of the dollar is keeping the yellow metal under pressure until geopolitical risk events trigger a rise in demand. Brexit is high on the agenda, as Prime Minister May came back to the UK with an extension on hand but might need more to get Eurosceptic MPs to her side. May’s tenure as Prime Minister could be short lived, but even pote...Read More